Taipei City Government ranked first among all local governments in attracting investment up to NT$ 27 billion in 2023 and won the 2024 PPP Distinguished Awards by the Ministry of Finance.
The Taipei City Government has achieved fruitful results in promoting private participation in public infrastructures. In 2023, there were 14 investment promotion cases, with an aggregate contract value of more than NT$ 27 billion, the highest among local governments in the country. Deputy Secretary Mr. Yu attended the “2024 TAIWAN PPP Solicitation Convention ” organized by the Ministry of Finance and was awarded the 2024 PPP Distinguished Awards by same. At the 2024 TAIWAN PPP Solicitation Convention, Taipei City Government launched investment promotion cases with an estimated private investment amounting to more than NT$8.4 billion, including The BOT project of XiuShan Long-Term Care Park in Taipei City, The Land Development Project of the Dingpu Station of the Tucheng Extension / Y21 Station and Y23 Station of Circular Line North Section, Taipei City Zhongzhen / Nangang / Wanhua Sports Center ROT Project. Those projects are assisted and driven by private companies with their operations efficiency, enabling the City Government to uplift the city’s property utilization efficiency, creating business opportunities and boosting the job creation opportunities, all geared toward improving the city’s economic development. Hu Hsiao-Lan, the commissioner of DOF, indicated that the remarkable achievement was the result of teamwork under the leadership of Mayor Chiang, citing that up to July of 2024, Taipei City Government has received NT$19.4 billion of private investment approved by the MOF. Hu also added that on top of the aggressive growth momentum, efforts are being made to contain debt, so to save the interest on debt. In July 2024 alone, the City Government has reduced another NT$2 billion in debt, further reducing the average debt of each citizen from NT$36300 to NT$29000. It’s also estimated that annual reduction of debt could top NT$170 million. Looking forward, Taipei City Government will continue to promote investment growth while keeping a lid on the debt. These two aspects will ensure the city’s financial stability to safeguard its future as a hub for safety, momentum and futuristic. Welcome to visit website: https://pppproject.gov.taipei/ to more information about the projects.
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